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The Fed Is Driving Down Oil Prices

The Fed Is Driving Down Oil Prices

The hawkish U.S. Federal Reserve…

Energy / Energy-General

The Oil Giant That Saw Its Cash Reserves Plunge 90%

The Oil Giant That Saw Its Cash Reserves Plunge 90%

Jun 11, 2018 at 13:59 | Tsvetana Paraskova

India’s top oil explorer, state-run Oil and Natural Gas Corporation (ONGC), has seen its cash reserves plummet by more than 90 percent in one year, after it paid a record…

Tesla’s Newest Car Will Have Rocket Thrusters

Tesla’s Newest Car Will Have Rocket Thrusters

Jun 11, 2018 at 10:37 | Irina Slav

Elon Musk plans to equip a new version of the Tesla Roadster with “around 10 small rocket thrusters arranged seamlessly around car,” he said in a tweet, adding that…

Russia Boosts Oil Production Before OPEC Meeting

Russia Boosts Oil Production Before OPEC Meeting

Jun 11, 2018 at 09:32 | Irina Slav

Russia pumped 11.09 million barrels of oil daily in the first week of June, Interfax reported Saturday, citing an unnamed industry source. This is 143,000 bpd above the country’s…

Permian Boom Jeopardized By Pipeline Troubles

Permian Boom Jeopardized By Pipeline Troubles

Jun 08, 2018 at 17:01 | Irina Slav

The Permania, as someone called the oil industry and private equity rush to West Texas and New Mexico, has begun to take its toll on all those investors that saw…

Energy Efficiency Adds Value To Home Prices

Energy Efficiency Adds Value To Home Prices

Jun 08, 2018 at 16:56 | Futurity

People are willing to pay a premium for energy-efficient homes, according to new research. Georgia Warren-Myers, a property lecturer at the University of Melbourne and Franz Fuerst of the University…

Will Iran Pursue Relations With North Korea?

Will Iran Pursue Relations With North Korea?

Jun 08, 2018 at 16:43 | Yale Global

Syria's Bashar al-Assad is begging for a trip to Pyongyang as Donald Trump prepares for a summit with Kim Jong-un. Hollywood would reject such a script as outlandish, yet the…

Permian Stocks Falling Out of Favor

Permian Stocks Falling Out of Favor

Jun 08, 2018 at 16:24 | Editorial Dept

Friday June 8, 2018 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…

Expect Choppy Oil Markets Ahead Of The OPEC Meeting

Expect Choppy Oil Markets Ahead Of The OPEC Meeting

Jun 08, 2018 at 16:23 | Jim Hyerczyk

U.S. West Texas Intermediate crude oil futures are trading higher early Friday, putting the market in a position to close higher for the week. While this chart pattern isn’t enough…

Oil Falls On OPEC Uncertainty

Oil Falls On OPEC Uncertainty

Jun 08, 2018 at 13:20 | Tom Kool

Friday, June 8, 2018 (Click to enlarge) (Click to enlarge) (Click to enlarge)

U.S. Rig Count Creeps Higher Amid Record Oil Production

U.S. Rig Count Creeps Higher Amid Record Oil Production

Jun 08, 2018 at 12:24 | Julianne Geiger

U.S. drillers added 2 rigs to the number of oil and gas rigs this week, according to Baker Hughes, with oil and gas rigs each increasing by 1. The…

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